Updated

US consumer prices rose 0.4% in October, a larger increase than economists had expected, according to CNBC. The reading was a reduction from September's pace, but economists said the level is still uncomfortably high. The data adds to the inflation evidence policymakers are weighing ahead of the Federal Reserve's December meeting. Treasury yields moved higher after the hotter-than-expected report. CNBC reported that the 10-year Treasury yield raced back to 5% as the inflation data and Fed Governor Waller's comments drove rate hike expectations. The coverage available did not break down the CPI figure by component.